• Tue. Dec 1st, 2020

Pharma Oracle

Evolving Today for better Tomorrow

Move around to choose best one: Paylocity Holding Corporation (NASDAQ: PCTY)

On 14 Feb 2020, Paylocity Holding Corporation (NASDAQ: PCTY) stock observed trading -1.59% off 52-week high price. On the other end, the stock has been noted 87.43% away from low price over the last 52-weeks. The stock disclosed a move of 12.87% away from 50 day moving average and 35.51% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.48% off 20-day moving average.

Paylocity Holding Corporation (PCTY) recently reported financial results for the second quarter of fiscal year 2020, which ended December 31, 2019.

Second Quarter Fiscal 2020 Financial Highlights

Revenue:

  • Total revenue was $132.4M, a raise of 23% from the second quarter of fiscal year 2019.
  • Total recurring and other revenue were $128.0M, representing 97% of total revenue and a raise of 25% from the second quarter of fiscal year 2019.

Operating Income:

  • GAAP operating income was $6.1M in the second quarter of fiscal year 2020 versus $7.0M in the second quarter of fiscal year 2019.
  • Non-GAAP operating income was $21.1M in the second quarter of fiscal year 2020 versus $17.7M in the second quarter of fiscal year 2019.

Net Income:

  • GAAP net income was $5.5M or $0.10 per share for the three months ended December 31, 2019 based on 55.8M diluted weighted average ordinary shares outstanding versus $5.7M or $0.10 per share for the three months ended December 31, 2018 based on 55.1M diluted weighted average ordinary shares outstanding.

Balance Sheet and Cash Flow:

  • Cash, cash equivalents and invested corporate cash totaled $152.4M as of the end of the quarter.
  • Cash flow from operations for the second quarter of fiscal year 2020 was $27.8M contrast to $27.0M for the second quarter of fiscal year 2019.

A reconciliation of GAAP to non-GAAP financial measures has been provided in this press release, including the accompanying tables.  An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Third Quarter 2020:

  • Total revenue is predictable to be in the range of $168.5M to $169.5M, which represents 21% growth over the third quarter of fiscal 2019 total revenue.
  • Adjusted EBITDA, a non-GAAP measure, is predictable to be in the range of $63.8M to $64.8M.

The USA based company Paylocity Holding Corporation moved with change of 0.87% to $147.65 with the total traded volume of 286179 shares in recent session versus to an average volume of 363.18K. PCTY’s shares are at 34.96% for the quarter and driving a 76.15% return over the course of the past year and is now at 22.21% since this point in 2018.

 

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